2008-05-22 23:32:41 -

- The Board of Directors of Transatlantic Holdings, Inc. (NYSE: TRH) today declared a quarterly cash dividend of $0.19 per share on the Company's common stock, payable September 18, 2008, to stockholders of record on September 4, 2008. This represents an 18.75 percent increase in the quarterly dividend on TRH common stock. The Board of Directors has raised the quarterly

dividend every year since TRH became a public company in 1990.

Transatlantic Holdings, Inc. (TRH) is a leading international reinsurance organization headquartered in New York, with operations on six continents. Its subsidiaries, Transatlantic Reinsurance Company(R), Trans Re Zurich and Putnam Reinsurance Company, offer reinsurance capacity on both a treaty and facultative basis -- structuring programs for a full range of property and casualty products, with an emphasis on specialty risks.

Visit -- www.transre.com - for additional information about the Company.

Transatlantic Holdings, Inc.
Steven S. Skalicky, 212-770-2040